What Is the Buyer’s Premium?

Created by Grandview Art and Auctions, Modified on Thu, 26 Feb at 12:25 PM by Grandview Art and Auctions

The Buyer’s Premium is a percentage added to the hammer price of each lot.


For example:


Hammer Price: $1,000
Buyer’s Premium (21%): $210
Total Before Tax & Shipping: $1,210


The applicable premium is listed in each auction’s terms and conditions.


View Auction Terms & Conditions

This premium supports catalog production, marketing, platform hosting, and operational services.

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